📋 Tender Overview
Project Number: 49346
Company Name: Gencau Sao Paulo -Industria e Comercio de Ingredientes Alimenticios Ltda
Date ESRS Disclosed: Jul 9, 2024
Country: Brazil
Region: Latin America and the Caribbean
Environmental Category: B
Status: Pending Approval
Sector: Coffee, Cocoa, Tea
Industry: Agribusiness and Forestry
Department: Regional Industry MAS LAC & EUR
Project Description
The proposed IFC investment is an equity investment in Gencau Sao Paulo Indústria e Comércio de Ingrediente Alimentícios Ltda. ( Gencau or the Company ) to support its growth in northern Brazil by (i) increasing its cocoa bean sourcing in the states of Para and Bahia and (ii) expanding its processing capacity at its three cocoa processing facilities in Medicilandia (state of Para), Ibirapitanga (state of Bahia) and Tambau (state of Sao Paulo) (the Project ). Gencau is a cocoa processing company established in 2019 which focuses on supplying traceable, sustainable, and high-quality cocoa products to chocolate makers. The plants in Medicilandia and Tambau have been commissioned in 2019 while the Ibirapitanga plant will be operational in late 2024. This project offers to deepen a strategic sustainable partnership with a reputable cocoa producer in the Amazon Biome.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
